XMFSinchiruna (27.10)

Your Favorite Stocks... Revisited

23

I hope you enjoy reading your own stock picks taken from the blogs, and particularly in response to my post from December 2 asking Fools to submit their one favorite stock and explain their choice.

Here's the article, just published, which summarizes several of your submissions. Thank you all for taking part!! For those submissions I wasn't able to include, please know I would have loved to include them all if space had allowed.

Darn. Day late and a dollar short (AGAIN!; sigh…); sorry I did not see your original post about favorite stocks. Anyway, here is my story:

Many years ago, I saw a TV report that HA had just emerged from bankruptcy (really? I did not know they were even in bankruptcy court). They said it was selling for a couple of bucks a share (REALLY?? What a bargain!!).

I immediately bought a block of shares. See, I have family in Hawaii, and have been there regularly. The inter-island hopper was a WW2-vintage prop plane. I thought: how cool. So, as an adult, I jumped at the chance to buy stock in the company.

Course, a couple of weeks later, I realized that I had made a big mistake. I was thinking of Aloha Airlines. The airline I had bought stock in was Hawaiian Airlines. D’Oh!! See, HA was originally a charter airline connected to those travel package deals that they sold on TV infomercials. This was NOT the traditional, Hawaiian airline company. Aw, man…

OK: fast forward many years. HA had always performed decently, and had given me no reason to sell. More, my problem was too few companies to invest, so I kept it. Just this past summer: it was a FIVE bagger, on it’s way to becoming a SIX bagger. After crash, it is now ONLY a two-bagger, on its way to three. Funny: Aloha, the company I thought I was investing in, had simply gone chapter 7 and disappeared. Talk about a lucky mistake...